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Impact Of Using Modern Technology On Accounting
Impact Of Using Modern Technology On Accounting
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Het doel van mijn onderzoek is het onderzoeken hoe de klant(onderneming) de administratieve keten en bedrijfsprocessen optimaal kan digitaliseren en wat hiervan de invloed is op de bedrijfsvoering van de onderneming en de verandering in de werkzaamheden van de accountant. Waarom zou de klant digitalisering willen toepassen? Door deze vraag te beantwoorden met voordelen bij digitalisering zal de klant gemotiveerd zijn om dit dan ook te implementeren in zijn onderneming. Dit onderzoek kan op alle soorten bedrijven worden gereflecteerd en hierdoor zal er een verbeterplan per onderneming kunnen gegenereerd worden. Verder zal er onderzocht worden wat de voordelen voor de accountant zijn en hoe de dienstverlening van de accountant zal veranderen. In de Non Audit praktijk vindt geen controle plaats, uitsluitend samenstelopdrachten voor de jaarrekening en overige administratieve dienstverlening. Denk hierbij aan periodieke bij- en verwerken van administraties en fiscale aangiften zoals omzetbelasting, inkomstenbelasting en vennootschapsbelasting Door optimalisatie kan de accountant veel meer gaan betekenen op adviesgebied. Immers de administratieve dienstverlening zal minder worden! § 1.3 Centrale vraag en deelvragen In dit afstudeerwerkstuk zal er een antwoord worden gevonden op de volgende centrale vraagstelling: - Hoe kan de ondernemer inspelen op optimale digitalisering omtrent de administratieve keten en bedrijfsprocessen en wat is de toegevoegde waarde voor zowel de ondernemer als de accountant? Deze centrale vraagstelling zal beantwoord worden aan de hand van de volgende deelvragen: - Welke slimme automatiseringen zijn er te onderkennen om de administratieve keten en bedrijfsprocessen optimaal te digitaliseren en hoe werken d... ... middle of paper ... ...iews met accountants die ervaring hebben met klanten in hun huidige klantenpakket die digitalisering toepassen. Verder zal literatuurstudie worden toegepast om de voordelen naar voren te brengen bij een optimale digitalisering. Er zal in de beschrijving een splitsing worden gemaakt van klanten die zelf de administratie voeren en klanten die de administratie overlaten aan de accountant. 4. Wat betekent de digitalisering omtrent de administratieve keten en bedrijfsprocessen bij de ondernemer voor de dienstverlening van de accountant? Om duidelijkheid te scheppen wat de digitalisering teweeg brengt voor de verandering in de dienstverlening van de accountant zullen er onder andere interviews gehouden worden met ervaren accountants die met hun huidige klantenpakket hiermee in aanraking zijn. Er zal gefocust worden op de werkzaamheden rondom Non Audit.
In comparison to other slaves that are discussed over time, Olaudah Equiano truly does lead an ‘interesting’ life. While his time as a slave was very poor there are certainly other slaves that he mentions that received far more damaging treatment than he did. In turn this inspires him to fight for the abolishment of slavery. By pointing out both negative and positive events that occurred, the treatment he received from all of his masters, the impact that religion had on his life and how abolishing slavery could benefit the future of everyone as a whole; Equiano develops a compelling argument that does help aid the battle against slavery. For Olaudah Equiano’s life journey expressed an array of cruelties that came with living the life of an
Rittenberg, Larry, Bradley Schwieger, and Karla Johnstone. Auditing. 6th ed. Mason: Thomas South-Western, 2005. 10-40.
While the validity of his narrative is to this day widely debated, The interesting Narrative of the Life of Olaudah Equiano provides “insight into the dynamics of slavery, the slave trade, and the abolition movement” Traveling back into the 17th century the reader gets a firsthand experience of a life of a young slave who has opened the worlds eye’ and provides reasonable supportive arguments into the abolition of slavery in the aspects of human acceptance and morality, commerce economy, and the freedom of religion which all he has shared with his white owner counterparts.
In The Complete Maus, by Art Spiegelman, a son of the Holocaust survivor, Art Spiegelman, learns the story of his father, Vladek Spiegelman. Art Spiegelman learns the causes of why his father acts the way he does and the reason for the eccentric nature he has. Although Vladek Spiegelman physically survives the Holocaust, his actions show that he is psychologically affected by his experience in the camps.
the key impacts on how staff and teams are organized are similar. The most important questioned to address may not be how are staff currently being reorganized in the wake of new technologies, but rather how should staff best be deployed to take full advantages of the potential available. Other than that, to manage electronic records, we need records manager who had skills and information on how to handle the tools to manage those records. Before these recent years, all the records are being managed in form of paper based, so it must be difficult for the records managers who are more familiar with records in paper based to become expert in managing electronic records. They need to be train well on how to manage the electronic records to make them expert on it. It must be take long time to trained the especially if the record managers or staff are older. In addition, consider differences among generations in technology usage during their respective formative, pre-working years, the technological skills and expectation they ultimately bring to the workplace and their influence on work practices and recordkeeping, in particular as their members reach senior professional and managerial positions. Today technological issues offer fewer insurmountable barriers to implementation of sound recordkeeping solutions than do organizational and cultural factors, while technological innovations plays large role in recordkeeping issues and opportunities to deal with them. Because of the lack of skill of the staff, the organization would execute and budgeting staff are accustomed to funding technology projects by trading labor as human for capital as the technology investments, when in fact the necessity to maintain some records in paper form requ...
Subsequent to obtaining the accounting information, managerial accountants will then proceed to use it to plan, evaluate the company performance and also control the business operations. With regards to planning, the managers are required to make decisions concerning the kind of product to introduce into the market, when to introduce the product and where the production should take place. In performance evaluation, individual product lin...
The oversight responsibilities of the board, the CAE lacking of expertise or broad understanding of financial controls and responsibilities, and the understaffed internal audit functions lacking of independence and direct access to the board of directors contributed to the absence of internal controls. To begin with, the board should be retrained to achieve financial literacy to review financial reporting. Other than attending formal meetings, the board of directors should be more involved with the management. For the Audit Committee, the two members who were recruited as acquaintances to Brennahan need be replaced with experts who are more sufficiently knowledgeable about accounting rules beyond merely “financially literate”. Furthermore, the internal audit functions need to expand with different expertise commensurate with the expanded activities of the organization, testing financial reporting rather than internal controls from an operational perspective. The CAE should be more independent and proactive to execute audit plans, instead of following orders from the CFO, and initiate a direct and efficient communication between internal audit and audit
This scenario is used to show that accountants of today must continue to seek training opportunities on new and emerging technological advances. Continuing education is important in many professions, but is especially important in the accounting field. According to an interview with Mats Olsson of Sweden, who is a member of the International Federation of Accountants (IFAC), Small and Medium Practices Committee (SMP) by Giancarlo Attolini, who is the Chair of IFAC: We need to be more open-minded about emerging technologies as our work will likely become more computer-based. Ultimately, what differentiates one accountant from another is not their ability to manage IT, but rather their ability to better communicate with clients, to use the time saved by technology to develop client relationships and become a successful, trusted business advisor. (Attolini, 2014, quote by Olsson) Accountants who fail to stay in step with technology will find themselves out of step with their peers and clients.
The purpose of this document is to describe the nature, purpose and scope of accounting and it deliberately explains the details of each category in accounting. Accounting involves in preparing financial documents of an entity by analyzing, verifying, and reporting this records. It emphasizes its major characteristic role in field of banking and finance, with a mixture of supportive sub topics.
When planning an audit, the auditor will set up a planned assessed level of control risk. The planned assessed level of control risk can be changed by the auditor. The assessed level is planed depend on the assumptions of the quality of internal control structure. The actual assessed level of control risk is set for each assertion depend on proof of the internal controls. In fact, the auditor cannot change the actual assessed level of control
From the first tutorial, ‘Current Conceptions of Accounting’, we had already change our prediction on accounting professional. At the beginning, we through that accounting professional would be more formal and format. From what we have learnt from the first two semesters of accounting, we need to do everything under the current structure, standards, and regulations. Accounting is a tool and skill that help us to achieve our career successful. However, the first tutorial activity, which require us to bring up our view of ‘accounting, accountability, or an accountant’ from a lifestyle magazine. This activity make us found that accounting could be just next to us, not just in the career field, but also could find it anywhere in our life. This activity has open up our mind of accounting
The evolution of auditing is a complicated history that has always been changing through historical events. Auditing always changed to meet the needs of the business environment of that day. Auditing has been around since the beginning of human civilization, focusing mainly, at first, on finding efraud. As the United States grew, the business world grew, and auditing began to play more important roles. In the late 1800’s and early 1900’s, people began to invest money into large corporations. The Stock Market crash of 1929 and various scandals made auditors realize that their roles in society were very important. Scandals and stock market crashes made auditors aware of deficiencies in auditing, and the auditing community was always quick to fix those deficiencies. The auditors’ job became more difficult as the accounting principles changed, and became easier with the use of internal controls. These controls introduced the need for testing; not an in-depth detailed audit. Auditing jobs would have to change to meet the changing business world. The invention of computers impacted the auditors’ world by making their job at times easier and at times making their job more difficult. Finally, the auditors’ job of certifying and testing companies’ financial statements is the backbone of the business world.
The following essay aims to analyse in depth a computerised accounting system and its aspects such as its history, what technologies is based on, and how it has developed since its beginning. Other aspects such as the current state of the system and the interactions with other systems and the future of the system will also be covered in this paper.
In the first place, computer technology can not only improved quality of working but also enhance student’s learning. In the modern society, computer technology becomes more popular in many companies. The reason is that it is able to improve working efficiency and quality. If every worker has abilities to operate and use computer technology, they can save more time to do another things. This means individuals can spend less time on working to do the same quantity of works as before. Most importantly, improving working efficiency and quality is favorable for business operating in the future. For example, more and more companies like to use digital technology to analysis their data. Digital technology is a kind of computer technology that is always used in business. The information created by digital technology and used by others will grow faster than anything else. The Economist reported in 2010 that data management and analytics are worth more than $100 billion and are growing at almost 10% a year, roughly twice as fast as the software business as a whole (Orange, 2014). This is a dramatic increase in working efficiency that is caused by computer technology. Besides, computer technology could also be used to predict further performance of a company, which is
The main function of AIS is to provide information derived from the financial transactions. The daily paper record, receipts and invoice, the electronic copies, any kinds of documents could be the source of the financial transaction. The piecemeal data is hard to trace and follow. The traditional accounting information system solves this problem. It collects the information, sorting and processing, making a record and then providing it to the users who are interested in it. However, with the development of technology, the function is being improved. Under the network environment, the accounting information system trends to base on internet to realize the financial information processed electronically and automatically. The emerging functions, such as cloud computing, shadow data, giving convenience to the users via mobile devices. The non-network AIS is no longer meeting the new requirements. In current business world, innovations and improvements are needed to satisfy the varieties requests of customers under the context of multi-cultural. Companies and organizations hope to use information to help planning and solving problems. In the pwc report, the new accounting information system needs efficiency, speed, and real time information to meet the definition of excellence. Given that this is an information era. These factors need the cooperation between IT and Accounting. The system creator according to the